Director, Real Estate Investment (IMG)

Kamehameha Schools • Honolulu, HI

407d • $243,300 - $403,900

About The Position

The Director of Real Estate Investment (DRE) at Kamehameha Schools will lead a newly formed team responsible for managing and maximizing the economic value of the KS Endowment's Hawai‘i commercial real estate assets, valued at approximately $1.5 billion. This role involves sourcing and executing direct real estate investment opportunities in Hawaii, collaborating with other investment professionals, and developing strategic plans related to leasing, asset management, and partnerships.

Requirements

• Bachelor's degree required; equivalent skills demonstrated through work experience required.
• 10+ years of real estate investment experience, including leading execution of complex sale, acquisition, partnership, and financing transactions.
• Track record of negotiating, underwriting, and closing transactions across the real estate capital stack and risk spectrum.
• Advanced financial modeling capabilities, including discounted cash flow and other valuation methods, partnership waterfalls, and various financing structures.
• Excel expertise required.
• Advanced written and oral communication skills, including the drafting and presentation of offering and investment committee approval memoranda.
• Ability to manage multiple tasks and effectively meet deadlines.
• Knowledge of relevant real estate data sources, including real estate investor and broker surveys, STAR reports, MLS databases, credit surveys, etc.
• Team player with the ability to work independently and under pressure in an entrepreneurial environment.

Nice To Haves

• CFA/MBA designation preferred.
• Experience working directly with limited partners and other capital providers.
• Experience in managing and mentoring junior team members.
• Argus expertise strongly preferred.
• Established relationships with the brokerage community, real estate owners, developers, and JV partners inside and outside Hawai‘i.

Responsibilities

• Lead the evaluation of potential dispositions, investments, or development/re-development opportunities.
• Direct and conduct discounted cash flow and other valuation analyses, lease reviews, market analyses, and assessments of economic and demographic trends.
• Implement strategies based on analysis of competition, counterparty issues, and alternative uses of capital to meet real estate, IMG, and KS goals.
• Advise on, develop and implement asset plans to preserve and optimize the value of the IMG Real Estate assets.
• Oversee asset management, leasing, and other operational activities.
• Develop annual budgets and forecasts for internal and external reporting.
• Determine operational strategies and terms for asset management activities.
• Identify and present growth opportunities for the Hawai‘i real estate business within IMG.
• Advise on IMG's non-Hawai‘i based real estate partnerships and investments.
• Execute capital transactions under the direction of the MDRE.
• Source, underwrite, develop partnerships for, structure, finance, and close transactions.
• Manage junior members of the IMG team, including direct management and mentorship of dedicated real estate team members.
• Work closely with lawyers, appraisers, architects, planners, engineers, consultants, and other third-party service providers.
• Develop and maintain relationships with the brokerage community, real estate owners, developers, and JV partners inside and outside Hawai‘i.

Benefits

• Comprehensive benefits package including health insurance, retirement plans, and wellness programs.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Sporting Goods, Hobby, Musical Instrument, Book, and Miscellaneous Retailers
• Education Level: Bachelor's degree